Job Information
BlackRock Analyst, Securities Lending Reconciliations in Mumbai, India
About this role
About the Team
Technology & Operations
Technology & Operations (T&O) is responsible for the firm's worldwide operations across all asset classes and geographies. The operational functions are aligned with clients, products, fund structures and our third-party provider networks. Global Investment Operations (GIO), a function within T&O, is responsible for the development of the firm's operating infrastructure to support BlackRock's investment businesses worldwide. Professionals hired into this role will become intimate with all operational flows and operational processes, including architecting operational solutions and managing relationships with portfolio managers and traders, our end clients, brokers, custodian banks, fund accountants, administrators and more.
Team Overview
The Investment Operations and Securities Lending Reconciliation and Receivables Team is a dedicated group of professionals who are responsible for two primary functions: Post Trade Recon and Manufactured Dividend Reclaims. The team focuses on maintaining the Lending Book of Records and ensuring the timely settlement of lending income claims. The team is positioned to simplify and connect the workflows both internally and for our Custodians and Counterparties and in the process, connect break resolution to open bills and dividends.
The roles and responsibilities will include actively managing risk and exposure for BlackRock by ensuring closure of position discrepancies which directly impact the timely and accurate settlement of MDRs and SL bills. The role will result in understanding the mechanics of the lending transaction lifecycle, exception management, troubleshooting issues, driving innovative enhancements, data analysis, maintaining documentation, assisting management in leading processes, and recommending improvements to ensure efficient and accurate processes. The SL Reconciliation and Receivables team plays a prominent role in the lifecycle of a trade, using BlackRock’s proprietary platform Aladdin to ensure operational consistency and client fiduciary responsibilities.
Role Responsibility
Investigation and resolution of exceptions across the various post-trade reconciliations across the investment book of record, the loan book of records, and BLK vs. the various counterparties
Driving borrower and external 3rd party provider discipline through frequent stakeholder calls in an effort to bring the overall exposure down and refine data
Demonstrate full understanding of the trade lifecycle
Be able to evaluate and research discrepancies across Aladdin tools and source borrower data
Become a risk manager by owning internal/external stakeholder relationships and driving risk mitigation
Manage and ensure delivery of central initiatives
Effectively lead conversations around exception volume, exposure, and age
Establish and execute remediation plans around root cause issues to ultimately reduce total stakeholder exception volume
Regularly articulate personal impact
Complete data analysis to establish transparency, decision drivers and efficiency
Develop expertise around team control mechanisms and reporting
Actively participate in all team meetings including review of key risk and process indicators
Understand and adhere to all regulatory requirements impacting the reconciliation process
Ability to evaluate systems, procedures and workflows to make meaningful recommendations for improvement
Lead various efficiency and capacity-building initiatives, including automation/ standardization efforts
Develop and maintain strong relationships with key internal & external stakeholders including; leading & coordinating problem resolution
Embracing the BlackRock Principles and role modeling these behaviors to other team members
Experience
Candidate should possess 1-3 years of financial services experience and have a fundamental understanding of Financial Markets, preferably within the Investment Management, Income and payments or Global Custody environment
Previous experience in Securities Lending, Cash/Asset Reconciliation, Corporate Actions is preferred
Proficiency in Microsoft office products (with an emphasis on Excel) or other programming languages and an aptitude for learning new applications
Strong, effective analytical and problem solving skills
Organized approach to ensure follow up on outstanding issues and identify appropriate action to be taken
Attention to detail to ensure a high degree of accuracy for all tasks
Ability to multi-task and balance requests without losing sight of overall objectives
Exceptional decision-making skills and ability to communicate effectively with senior management
Ability to work in a team environment and build strong relationships with colleagues and external contacts such as custodians, counterparties and other third-party providers
Ability to work in a fast paced, rapid changing, deadline driven environment
Excellent interpersonal skills to effectively articulate solutions to internal and external partners
Strong initiative to follow up on outstanding issues – identify what needs to be done and take action and see through to resolution
#EarlyCareers
Our benefits
To help you stay energized, engaged and inspired, we offer a wide range of benefits including a strong retirement plan, tuition reimbursement, comprehensive healthcare, support for working parents and Flexible Time Off (FTO) so you can relax, recharge and be there for the people you care about.
Our hybrid work model
BlackRock’s hybrid work model is designed to enable a culture of collaboration and apprenticeship that enriches the experience of our employees, while supporting flexibility for all. Employees are currently required to work at least 4 days in the office per week, with the flexibility to work from home 1 day a week. Some business groups may require more time in the office due to their roles and responsibilities. We remain focused on increasing the impactful moments that arise when we work together in person – aligned with our commitment to performance and innovation. As a new joiner, you can count on this hybrid model to accelerate your learning and onboarding experience here at BlackRock.
About BlackRock
At BlackRock, we are all connected by one mission: to help more and more people experience financial well-being. Our clients, and the people they serve, are saving for retirement, paying for their children’s educations, buying homes and starting businesses. Their investments also help to strengthen the global economy: support businesses small and large; finance infrastructure projects that connect and power cities; and facilitate innovations that drive progress.
This mission would not be possible without our smartest investment – the one we make in our employees. It’s why we’re dedicated to creating an environment where our colleagues feel welcomed, valued and supported with networks, benefits and development opportunities to help them thrive.
For additional information on BlackRock, please visit @blackrock (http://careers.blackrock.com/) | Twitter: @blackrock (https://twitter.com/blackrock) | LinkedIn: www.linkedin.com/company/blackrock
BlackRock is proud to be an Equal Opportunity Employer. We evaluate qualified applicants without regard to age, disability, family status, gender identity, race, religion, sex, sexual orientation and other protected attributes at law.